Rancho Brokerages Limited, a stock broking firm received 75 lakh as premium for forward contracts entered for
Question:
Rancho Brokerages Limited, a stock broking firm received ₹75 lakh as premium for forward contracts entered for dealing in equity shares. This amount would be classified as:
(a) Operating activities
(b) Investing activities
(c) Financial activities
(d) None of the above
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Step by Step Answer:
The correct answer is b Investing activities Receipt of premiums for forwar...View the full answer
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Collins Njuguna
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